Ibadan DisCo Announces The Implementation Of New Electricity Tariff For Consumers 

The Ibadan Electricity Distribution Company (IBEDC) is set to kickstart the implementation of the revised electricity tariff for Band A consumers starting from April 3, 2024.

This move follows the recent announcement by the Nigerian Electricity Regulatory Commission (NERC) approving a significant increase in electricity tariffs for this particular band.

In a statement released by the IBEDC management, customers falling under Band A, particularly those utilizing prepaid meters, will witness the new tariff firsthand when they make purchases via their meter starting from the specified date.

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According to the company, “The new tariff is effective from 3rd April 2024.” Prepaid meter users will experience the revised tariff of N225/kWh immediately upon vending in April. Postpaid consumers, on the other hand, will observe the new tariff reflected in their electricity bills at the end of the month.

In light of this development, IBEDC urges its customers to visit their website to ascertain their feeder classification, determining the band they belong to.

In a direct quote from the company’s statement, they emphasized, “Customers using prepaid meters will be the first to experience the revised tariff – N225/kWh whenever they vend in this month of April. While for Post-paid customers the revised tariff will reflect in the electricity bills they receive at the end of April 2024.”

The revision in electricity tariffs for Band A consumers comes after the recent announcement by the Nigerian Electricity Regulatory Commission (NERC) regarding a comprehensive review of tariffs across the country. This review primarily targeted Band A consumers, resulting in a substantial increase from N68 per kWh to N225 per kWh.

NERC clarified that this adjustment impacts only approximately 17% of electricity users nationwide who enjoy over 20 hours of electricity supply daily. Consumers falling under other bands, receiving fewer hours, remain unaffected by the tariff revision.

With the implementation of the new electricity tariff in sight, Band A consumers are bracing themselves for the impending increase in their electricity expenses, while the majority of electricity users in lower bands breathe a sigh of relief as their tariffs remain unchanged.